This story is intended for adults who can legally view it.  All rights are 
  retained by the originating author, Blairbrek, at:  blairbrek@yahoo.com 

  Dangerous Wagering
  By Blairbrek


  Part One

  THE HIGH PRICE OF WAGERING 

  Erin could not believe she had allowed herself to be goaded into wagering. 
  Unfortunately for her she had won the first three races without wagering and
  over estimated her ability to pick winners, having two long island ice teas
  beginning  to affect her judgment also did not help.  When Deborah and
  Katherine talked her into betting she felt confident her winning streak would
  continue. 

  Fortunately to everyone's amusement they were enjoying watching the petite redhead 
  being humbled. The person most grateful for her foolishness was the
  formerly nude woman called Pet by her "owner".  Erin had lost first her shoes
  and then wanting to win them back lost her dress.

  Erin was invited to the "races" by her largest client, Katherine Sloan.  She
  had left the firm of Johnson, McMicheal and Weber to start her own law firm. 
  She had taken several clients. Katherine, however, was a real coup for her. 
  Sloan Industries was a very large client for her former employers and to Erin
  it was the cornerstone of the business she dreamed of building.  Only 29 she
  had the intelligence and drive to realize her dreams at an early age. 

  Now she was humiliating herself by making stupid wagers.  She was barefoot
  wearing only her push up bra and panties.  The club rules prohibited anyone not
  dressed in normal street attire from using chairs.  She was further humbled
  when the stewards removed her chair.  She had two options stand and draw
  attention to herself or kneel.  She figured that by kneeling at least she would
  not be quite so visible. 

  She glared at Pet as the steward gave her Erin's chair.  Wearing Erin's dress
  and shoes, she was now appropriately attired and was deemed acceptable to sit
  rather than kneel as Erin was.  Erin blushed in embarrassment and anger when
  Deborah told Pet that "seeing how she was now dressed like a real person she
  could sit like a real person".  Deborah's comments, though not directed at her,
  were meant for her.

  She was honored when Katherine had invited her to a special club she belonged
  to.  She was stunned when Katherine explained on the drive out just what the
  club was.  All the members had "unconventional interests".  The club held races
  every other month where "certain individuals" would race.  The "interests" ran
  the gamut.  Erin found them shocking.  The "individuals" had actually agreed to
  be the property of others.  Wearing various leather outfits to be made up to
  resemble pony's they were racing individually or pulling sulkies with riders.

  Erin was initially uptight being around individuals with such tastes and
  bizarrely attired but Katherine's strong personality put her at ease.  The
  alcohol helped her relax and she soon found herself enjoying the party-like
  atmosphere.  She felt part of the "in crowd" and she reasoned for Katherine to
  reveal this side of herself she must really like her.  The only  thing
  Katherine cautioned her of was, like her, these people took honor very
  seriously and any "commitments" would be expected to be honored.  The warning
  was made in a stern voice that she had only heard Katherine use to emphasis an
  important point.

  She felt giddy and wagering her shoes seemed innocent enough.  Monetary wagers
  were frowned upon and being an "innocent," as they were jokingly calling her, she
  felt it would make her even more accepted.  The wagers consisted of service and
  possessions. Losing her $70 Evan Picone's bothered her, but not as much when
  Deborah, Katherine's friend they were sharing a box with, gave them to the
  naked woman kneeling next to her.  All the tall brunette wore was a collar
  around her neck.  The leash attached to it had been clipped to Deborah's chair.

  She wondered what kind of a woman would allow her to be a "slave" of another,
  especially another female.  She thought the woman must be a real bimbo to allow
  herself to be so humiliated in public.  At least she thought the "pony's" had
  some coverings. Unfortunately Erin had voiced some of her thoughts on Pet and
  the woman kept ginning her dirty looks that had not gone unnoticed.  When
  Deborah won the first wager and Erin had slipped her shoes off she gave them to
  Pet to antagonize Erin.  Pet grinned at Erin as she slipped the shoes on her
  feet.

  Erin couldn't believe she had lost the next wager also.  That Deborah had let
  Pet pick her "pony" upset her to no end.  She had lost to a bimbo.  She tried
  to talk her way out of having to forfeit her dress but a stern look from
  Katherine and disapproving looks from the people in the adjoining boxes
  reminded her of just how serious they took "honoring commitments.  Afraid of
  upsetting Katherine, Erin slowly and hesitantly raised her dress up and over
  her head slowly revealing her taunt body to the smiles of the others. 

  She realized too late, and standing in only her lingerie, that the stakes, her
  dress for Deborah's, were too high.  She should have insisted on betting only
  her bra like she wanted to.  Even Katherine had goaded her into making the
  wager "worth while".

  Erin fumed at the joking comments being made by the others as Pet giggled when
  Deborah handed her dress to her and graciously thanked her.  She quickly put it
  on and had asked Erin how she looked "being clothed".  Katherine in the spirit
  of humbling Erin introduced her to Maureen "as she didn't look the pet
  anymore."  "Oh thank you Katherine I must have forgotten my manners introducing
  two equals" Deborah mockingly commented to Katherine; then looking Erin over
  had to add "well almost equals"  It was right after that comment the stewards
  came and removed her chair.

  Erin knelt humbled and embarrassed she refused to be talked into betting on the
  next race.  Even the people in the adjoining boxes got into the act.  The wager
  they were trying to get her to make was just too......too risky.  They wanted
  her to bet Maureen.  Maureen would put the dress up, however Erin would have to
  bet her bra.  Maureen insisted that was not enough and said if she won she
  would get not only the bra but would "give" the lingerie clad attorney her
  collar to wear.  Erin trying to save what modesty she still had refused to
  wager anything.  Laughter erupted when the pony she picked came in first.  Her
  humiliation would have been stopped but she didn't believe in her choice and
  everyone let her know that and the obvious she would have had her dress back.

  She caved on the next race.  The comments about her in only in her underwear
  and being forced to kneel was getting to her.  She finished her third long
  island ice tea and made her pick, number 4, a long legged brunette.  When the
  race started it was obvious who everyone wanted to win, pony number 8,
  Maureen's pick.  The cheering started as soon as the pony's started.  It was
  the most vocal the club members had been during the races so far.  She glanced
  at Katherine, even she was cheering against her.  They enjoyed watching someone
  humiliate themselves especially a new very attractive female.

  The race was close, Erin was jumping up and down cheering for all she was
  worth.  It was for naught.  Her pony came in third, Maureen's first.  She
  slumped against the box rail and hung her head. Her shoulder length red-hair
  hiding the tears welling up.   Hearing "you have something of mine" snapped her
  out of her despair.  Maureen was holding her collar and leash in her hand and
  smiling broadly ear to ear.  "Awww don't be a baby and cry"  That comment from
  the woman wearing her clothes stiffened her resolve.

  She wiped her eyes and quickly unhooked the front snap and removed her black
  demi push-up bra and tossed it at Maureen.  The "oos" and "ahhs" snatched her
  resolve and courage.  She covered her breasts with her hands and bowed her
  head.  "Gee I'm surprised you even have to wear a bra with those plums" Maureen
  said mocking her actions.  Erin was beet red with embarrassment standing in
  only her panties.  She could not believe she had lost and stripped off her clothes
  exposing herself to strangers.  Worse, this tramp was the new owner of her
  coverings.

  Maureen's comment was an exaggeration.  Erin had very perky breasts that she
  was very proud of.  Though they were a b-cup on her slim 5 foot 4 inch frame
  they looked larger.  Maureen could not stop gloating.  "There is no way this is
  going to fit me"  she stood ramrod straight thrusting her full 36C breasts out.
   She wanted to exaggerate the difference.  Erin watched in silence as she walked
  to a garbage can and threw her bra into it.  That was one article of clothing she
  had no hope of winning back.

  Erin was tuned out to the comments being made.  She was lost in self pity at
  her humiliation.  If she had been listening she would have realized several
  people were complimenting her on her figure and ability to follow through on
  her commitment no matter how humiliating.

  Maureen walked back and turned her to face the other spectators.  They all
  smiled and started clapping as the heavy black leather collar was buckled
  around her neck.

  The one comment she did hear loud and clear in  was " Well this is quite a role
  reversal. Look who the silly bimbo is now."  It was made by Tonya, an
  immaculately dressed black woman she had been introduced to and who had
  overheard Erin's comments to Katherine about Maureen.

  INTERMISSION

  Erin just stood there covering her breasts with a collar around her neck, the
  leash dangled down to her panties,  the last article of clothing she wore and
  owned.

  Everyone stood to stretch she was no longer the center of attention.  Katherine
  came over and told her not to be so ashamed.  She had a wonderful figure and
  should be proud of it.  She added that even though Erin was losing her clothes
  and some of her dignity she was proud of her following through and even though
  she respected her before the respect had increased.  Her comments made Erin
  feel more comfortable and put her at ease a bit.  She felt bold enough to lower
  her hands.  Katherine was right she should be proud of her body.  More than one
  person took a longing glance at the pert breasts and small hard nipples.

  Katherine excused herself to go talk to others leaving Erin alone.

  "Let's go for a walk" Deborah said.  She and Maureen moved to exit their box. 
  Maureen turned and took the leash.  "Come along Pet you can come to" 

  "MY NAME IS ERIN I am NOT PET"  Erin hated this woman.  Who did she think she
  was calling her that.  Erin followed, lead by her leash, her hands balled.  She
  did not yet realize how submissive she looked following two fully clothed woman
  being lead by a leash, barefoot and wearing only a pair of panties.

  Deborah stopped and talked to several people.  She introduced Maureen, several
  comments made that they did not recognize her or they were glad they could
  finally be introduced.  It bothered Erin she was not introduced to anyone and,
  other than being ogled by men and women, was pretty much ignored.

  As they made their way to a tent Erin could not help notice the number of women
  and men on leashes being lead.  Her heart started beating faster.  She looked
  like them.

  Deborah entered the tent while Maureen walked  her over to 4 other females all
  naked with collars.  Two had ball gags in their mouth.  They looked ridiculous
  with a strap running between their eyes giving them a cross eyed look.  Erin
  was busy looking at the women and did not notice Maureen remove a lock from a
  hook and put it on the end of her leash.  This caused her to turn.

  With an evil grin Maureen said only one word "STAY" 

  "You bitch unlock me!" Erin was pissed as she pulled the chain.  It was going
  nowhere.

  "Be a good pet and STAY" Maureen was laughing at her as she glared back.  She
  turned and entered the tent leaving Erin chained with the other.........pets.

  The other women just looked at her.  Who was she to get to wear panties and
  speak....speak so rudely to her owner.

  Erin felt so helpless and humbled.  People walking by would comment and point
  at her and the other .....pets.  In her mind she kept fighting the reality. 
  The reality she was for all outward appearances a pet owned by someone else. 
  She had no one to blame but herself.  She did this to herself.  She had to get
  her clothes back. Get them back and get even with that bitch Maureen.

  She was left outside for what seemed like an eternity but was only half an hour
  while clothed people got refreshments in the tent.   She was tired of standing
  but stood the other.....pets were standing so she did.  She felt she blended in
  better and did not what to do anything to bring any attention to herself.

  Deborah and Maureen came over to her.  The bitch surpressing laughter unlocked
  her and holding her leash lead her back to the box.  Erin in only panties and
  barefoot followed.....followed in appearance, obedient and in silence.

  Katherine was seated in the box.  "Oh my you should have put some lotion on." 
  Fair skinned she had gotten sun burned standing locked in the slave line. She
  would definitely feel it later.

  LASTING HUMILIATION or HOW TO RUIN YOUR LIFE

  Erin was determined to win her clothes back, end her humiliation and put
  Maureen back in her place.  She was disappointed when no one was betting on the
  first race after the intermission.  She was more eager to bet than realizing
  she had little to wager.  As eager as she was to win she did not suggest it. 

  Katherine and Deborah had commented to each other how quiet she had become when
  she had lost.  Her cockiness had disappeared.  Back kneeling Erin had to keep
  her back straight and crane her neck to see over the rail and between the
  people in the box in front.  With her hands folded demurely on her lap she did
  not know it but was by accident in the same position every other pet had been
  trained to assume.

  Erin was watching the race and the next racers intently.  That she was left out
  of the conversation Katherine, Deborah and Maureen were having and it did not
  bother her.  She did notice that Maureen was perfectly accepted by the others 
  even though she had arrived a naked collared pet.  She on the other hand was
  being more and more ignored and left to herself.

  When betting started on the next race she got excited but still did not offer
  to wager.  She was....hesitant to ...speak. Was it her place to offer?  Every
  other wager came up in the course of normal conversation and good natured
  ribbing.  Being ignored should she interrupt?

  Deborah turned the conversation to her.

  "Maureen don't you think you should give her a chance to get even." 
  Her...her... I am a her all day long Deborah talked with her using her name,
  Erin.  Now she was a her and was being talked at not with.  Erin had to win her
  respect back and if she humiliated the bitch Maureen in the process, well that
  was icing on the cake.

  Finding some resolve she spoke;  "Yeah I'll bet you again that is unless you
  are afraid."  The others around, still paying attention to what was happening in
  the box, began goading Maureen into accepting the offer to wager.  They knew
  what ever happened they would enjoy the outcome.

  Smiling Maureen said "I have no problem betting you Pet.  Erin steamed, she
  used that that term again.  "But you, well, don't really have much to wager." 

  It hit Erin.  Her panties, that was it.  If she lost she would
  be........completely nude.  Nude in front of everyone.  She looked at
  Katherine.  Her friend just smiled and shrugged.  It was her choice.
  She had to win. She agreed but when Maureen offered only her shoes back she
  exclaimed it was not enough.  Maureen had to put the dress up.  Erin could care
  less about shoes at this point. 

  "My bare feet against your bare pussy seems fair to me.  Maureen mocked; 
  refusing Erin's desire for her to put the dress up.  Erin tried her best to
  convince Maureen to increase her bet to be the dress to no avail.  Maureen just
  sat there smug.  She had the upper hand and knew it.  Seeing the redhead
  grovel was exciting to her.

  Please, they are all I have left.  Erin's arguments had turned to begging.  You
  have to put something of equal value up.

  "No, Erin they aren't; you have more, much more."  The horn sounded they had
  missed the race.  Erin slumped.  She had missed the point that Maureen had used
  her name.  She had nothing else, only panties then she would be..... she
  couldn't even think it anymore.

  There were only three races to go. 

  Barely audible Erin asked Maureen what else could possible she have to bet. 
  She thought Maureen would have some pity on her.  "I have been ...., she
  hesitated to say it..... humiliated all afternoon, I have been a good sport and
  ....... even let you lead me around by the leash."  "My leash ...not the leash"
  Maureen corrected her. "Your right my leash." Erin glumly conceded it was her
  collar and her leash.

  "Tell you what I am not yet ready to bet the dress but I will bet MY shoes
  against your panties and your collar.  If you win I'll give you the shoes and
  put the collar back on.  If I win I want you to take your panties off and walk
  to the trash and throw them in.  Then you will walk to the desk and get a ball
  gag.  Bring it back and ask me to put it on you." 

  Katherine, Deborah and everyone within ear shot were paying very close
  attention.

  Erin was stunned.  If she lost she would not only be naked and collared but
  also ...... forced to wear a gag.  She would be ..... be just like the others
  she stood by the tent with.   She knelt dejected and hung her head in her
  hands.

  "Make this wager and I promise to put MY dress up in one of the last two races.
   If you win your humiliation will be short lived.  Refuse and this is how you
  stay till the day is done."  Erin shook her head agreeing.  There was no way
  she could not go to the party after the races in just........... her thoughts
  trailed off. 

  Tears ran down her cheeks, she wiped them away.  "Please will you put MY gag on
  me.  I need to be silenced"  She humbled herself.  Maureen made a game of it
  making her say it over and over till the phrasing and tone was perfect. Perfect
  for a humbled beaten female.

  The race was not even close.  Erin's pony fell on the second turn.  Not only
  did Maureen's beat her's, she came in first.

  "No kneeling, stand."  Erin cold not stop the tears.  She did what Maureen said.
  She stood naked.  Her neatly trimmed puss available to everyone to see......and
  see they did as she removed her panties.  Walked over and put them in the
  trash.  All eyes were on her beaten form.  The gag they gave her was the same
  as the others she saw.  The straps cupped her chin, framed her nose and head
  and buckled in back.  The ball tasted of rubber.  Her mouth was stretched wide
  but she took it in. took it in obediently.

  Maureen was on top of the world while Erin, beautiful Erin, successful lawyer,
  successful business woman full of confidence stood naked, gagged and collared
  in front of over 100 people.  She wimpered at her degradation. Degradation she
  brought on herself.

  There was no way Maureen was going to bet on the next to last race.  Should she
  lose the stuck up woman's humiliation would end too quick.  It needed to last
  as long as possible.

  "Shall we wager one more time PET.  You know that is what you are Er.... gee I
  don't even remember your name.  Oh well PET suits you.  You know PET,  Maureen
  kept using that word it was burned into Erin's psyche you are more off a pet
  than I was when I arrived.  At least I didn't have to wear that ridiculous ball
  gag."  Erin just hung her head.  What could she do.

  "This is the deal.  I'll change places with you even the gag and you get MY
  clothes your clothes back.  If you lose and you may, though you are due after
  losing soooo badly all day, you enter the auction."

  Katherine started to speak but Deborah put her hand on hers.  She understood. 

  "MMMM" was all Erin could utter

  "I am assuming you are asking what auction?  Tonight at the party individuals
  put themselves up for auction to be bought by others for short periods of time.
  The individuals may be put up for auction by others."

  Erin looked dejected because she was.  How far could this possible go.  Being
  in a bra and panties in public was so humiliating just a few hours ago and now
  she would jump at the chance.  Now....... now she was........... becoming a
  pet.  The thoughts hurt.

  "Nothing and no one but yourself will make you wager your place in the auction.
   If you don't want to do it that is fine.  I'll go home fully dress and you
  well you will spend the entire evening completely naked gagged and collared. 
  Humiliated."  Maureen spelled it all out.  In her mocking tone. 

  "After this how much more humiliating can the auction really be."  How could
  she say that Erin thought. " But think of the upside.  Wouldn't you like to see
  me in your situation....PET."

  That last pet got to her.  She shook her head agreement.  Maureen wasn't going
  to let her off so easy.  "If you agree bounce those perky little tiites of
  yours."  She did.  People were laughing.  She picked her pony off the program
  by pointing with her nipple which Maureen pinched to get hard. 

  She was jumping up and down it was all she could do to encourage her pick down
  the stretch.  Her bouncing had more people watching her than the race.  She was
  making a spectacle of herself.  Maureen cheered just as enthusically for her
  pick.  Losing though didn't mean  much to her. She got off being a sub but
  seeing this cute stuck-up red head, a career woman, humiliate herself, degrade
  herself, wager and lose her clothes, lose her dignity and possibly her freedom.
  now that was exciting.

  Katherine had some regrets though she enjoyed seeing the straight laced
  attorney lose her clothes she thought Maureen was going a bit far.  Deborah had
  reminded her Erin was an adult free to choose, free to wager what she wanted; 
  everything she did to humiliate herself she did on her own.  Katherine's
  biggest regret was not mentioning to Erin just what a short period was. Time
  was relative.  The minimum amount of time one is auctioned for is 3 months.  Oh
  well, she thought as they walked to the club house for the party; Johnson,
  McMicheal and Weber was a good firm and represented her very well.  Hopefully
  whoever buys her won't be too mean.

  Erin could only hang her head in complete defeat. She walked behind the three
  happy chatting fully clothed women. 

  ++++++++++++++++++++++

  Three months later Bambi, that was the name she had gotten used to, the name
  drilled into her to respond to; responding to the other name only got her
  punished, was dropped off at her condo.  Well it used to be her condo. Her key
  didn't fit the lock.  No rent for three months got her evicted.  The landlord
  had thrown everything she owned in the dumpster.  The furniture he sold.  With
  no communication  for three months he assumed and so did the courts she had
  skipped town.

  The police came and took the upset petite blonde away.  They assumed she was
  some hooker high on drugs.  With her nose, eyebrows and lips pierced and
  heavily made up their assumption was reasonable.  Dressed in only a white skin
  tight crop top and a black lycra, very mini skirt that was all she could be. 
  As they struggled to get her handcuffed and in the car the both the top and 
  skirt rode up giving her former neighbors good looks at her cunt.  That is what
  it was now.  Women had pussy's, and what she had experienced no real woman
  would.

  No one helped her.  No one could possible believe the foul mouth tramp arguing
  and fighting with the police was Erin.  The resemblance was not there. More
  than one remembered Erin did not have a large bust.  This whore had at least
  36DDs.

  She had no identification and out of habit gave her name first as Bambi then
  changed it to Erin Brecken to the officer booking her for disorderly conduct,
  resisting arrest and for good measure prostitution.  The officer had a sense of
  humor they dealt with these kind of idiots all the time and put it down as
  Bambi Doe.

  +++++++++++++++++++++++++

  90 days later Bambi was released from jail.  Everyone she called wasn't home or
  refused to believe it was her.  She went before the judge alone wearing only an
  orange jail jumpsuit.  The people she shared the booking cell with had taken
  her clothes.  Then she was forced to do what she now did best, get on her knees
  and crawl from female to female and used her tong....lapper.

  She was surprised to see a familiar face waiting for her.  She had not seen her
  since her training and degradation. She would come to watch her be put through
  her paces of bondage and gang bangs.  She was even there when she was given to
  the dogs.  She was a familiar face though and she was happy someone was there
  for her.  She resented this woman, but had a hard time remembering why. 
  Mistress Maureen was no where near as mean as her owner Mistress Tonya. 

  She got in the car with Maureen and just sat there as the handcuffs were put on
  her.  What else could she do.  That was her life.


  **************************************************************
  To send encouraging words, you can contact the author at: blairbrek@yahoo.com